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Thursday, February 9, 2012

New Incubator/Coworking Space Emerges In Glendale

A new startup incubator and coworking space in the Los Angeles area--Voivoda Labs--said this week that it is looking to looking to vet new startups in the area to join its newly built incubator in Glendale. Voivoda Labs--headed by Val Babajov, the former CEO of WebMessenger--said it is looking to vet around 15 startups via a pitch event later this month, to help secure investment for the winner. Voivoda says that Babajov has ties to the Band of Angels, Tech Coast Angels, Pasadena Angels, Keiretsu Forum Angel networks.

The firm said it is leasing private offices and individual workstations in a co-working environment for startups. VoiVodaLabs says on the site that the cost of space at its incubator starts at $350 a month for a workstation, with private offices from $1000 a month. Charging space is unusual for the vast majority of accelerator programs to emerge recently in the area--most offer up free space as part of being accepted by those programs, and also offer seed funding--but the new group is more in line of the traditional incubator model, which revolves around low cost, tech-enabled office space.